“If there is conflict between China and a ally of the United States, like Japan, then it is not an exaggeration to say that we are on the threshold of Soros said during a Bretton Woods conference.
The billionaire warned that China’s difficulty in transitioning from an export economy to a domestic demand-led system could force Beijing to whip up a conflict with an external enemy in a bid to keep the country from collapsing.
Soros said the only solution to the prospect was to allow China to join the IMF’s basket of global currencies so that it could compete with the dollar .... https://www.youtube.com